Enterprise plans U.S. Gulf Coast liquids line

Enterprise Products Partners LP has taken the first step toward developing a $245 million, 160,000 b/d natural gas liquids pipeline system along the U.S. Gulf Coast.Enterprise signed a letter of intent to acquire a 263-mile, 10-in. liquids pipe- line extending from Sorrento, La., to Mont Belvieu, Tex. The letter was signed with Concha Chemical Pipeline Co., an affiliate of Shell Oil Co.Enterprise will acquire Concha`s so-called Lou-Tex pipeline through Entell NGL Services LLC for an undisclosed price. Entell is a 50-50 joint venture of Enterprise and Tejas Natural Gas Liquids LLC, another Shell affiliate. Upon completion of a previously announced NGL alliance between Shell and Enterprise,...

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